US DOC Declares Preliminary Findings Against Imports from Italy, Turkey

SEATTLE (Scrap Monster): The Department of Commerce on Aug. 28 announced affirmative preliminary determinations in countervailing duty investigations of carbon and alloy steel wire rod imports from Italy and Turkey.

Investigators determined that producers in those countries received subsidies of as much as 44.18 percent.

The agency noted that, “Enforcement of U.S. trade law is a prime focus of the Trump administration,” and that the number of antidumping and countervailing duty investigations conducted by the Commerce Department through the first eight months of the year was 27 percent higher than the total during the same period in 2016.

The Commerce Department is expected to announce its final determinations in the cases by Nov. 9. If those determinations are positive, the International Trade Commission will then determine if domestic manufacturers suffered material injury as a result of the subsidies.

Courtesy: AIIS